Daily Archives: November 22, 2016

Investment banker Davit Tsiklauri will continue his career in “Bank of Georgia”. “Bank of Georgia” has already represented former manager of TBC Bank to the investors. David Tsiklauri will be appointed to the position of Deputy CEO at the Bank, and will lead the Bank’s Corporate Investment Banking Department (“CIB”). …

Georgia Healthcare Group PLC (“GHG” or the “Group”) announces to acquire JSC ABC Pharmacia (“ABC” or the “Company”), the name of the merged company will be JSC Georgian Pharmacy (“GEPHA”). The company informed investors that GHG has signed a Sale and Purchase Agreement (“SPA”) on acquisition of JSC ABC Pharmacia …

Consulting Company Agro Solution links nut export growth from Georgia to the opening of last year’s reserves. The company explains that nut can occupy significant share in the export basket for the future and there is an opportunity of export growth as well. Georgia is in the top – 10 …

BGEO is preparing for IPO of another company. Now, the matter concerns to Georgia Global Utilities, which holds utility and energy assets in Georgia, including Georgian Water and Power, Rustavi Water and Mtskheta Water. IPO of company’s shares is planned in 2-3 years and Archil Gachechiladze, investment banker will head …

GEL exchange rate is not the main task, – the World Bank’s regional director for Europe and Central Asia Hans Timmer says. He declares, that stabile exchange rate is not always a sign of success. External shocks are frequent and flexible exchange rate of GEL is more effective. Timmer notes, …

“When our competitors are banks, who have plenty of money, we will not expand, we should try to sustain what we own”, – founder of PSP estimates the extension on the pharmaceutical market as competition restriction. According to Kakha Okriashvili, expand of medical profile companies, related to the banks, is …

New research results under the joint project of TBC Bank, ISET Policy Institute and Jumpstart Georgia Real Estate Market Laboratory (REM lab) were published a few days ago. REM lab team collected and processed data about 15 000 real estate transactions for the period of July-September 2016. According to survey, …

BGEO Group PLC (the “Group” or “BGEO”), announces a key Group management appointment and key management appointments and a refreshed business unit structure at JSC Bank of Georgia (“BoG” or the “Bank”). Archil Gachechiladze will be appointed CEO of Georgia Global Utilities (“GGU”), the utilities and energy business of the …

Georgian Healthcare Group (GHG) plans to buy Pharmadepot, the fourth major pharmaceutical company. In this way Evex will become Georgia’s major player on pharmaceutical market. Currently, the deal requires approval by Competition Agency. GHG plans to unite ABC Pharmacia (Pharmadepot) with GPC to establish new pharmacy network of JSC Georgian …

A new studio space, Spotlight unveiled in Tbilisi couple of days ago, aiming to discover new talents in Art, Singing, dancing, Photography and acting technique. Founder of the studio is a young singer Ia Orjonikidze, who spoke with CBW about her new studio in more details. C: Tell us about you, …